Tata Consultancy Services Ltd.
66.45 (3.02%) TCS reports 14% fall in Q1 consolidated net profit
Date: 10-07-2020Tata Consultancy Services (TCS) has reported results for first quarter ended June 30, 2020.
The company has reported 30.04% fall in its net profit of Rs 6096 crore for the quarter under review as compared to Rs 8714 crore for the same quarter in the previous year. Total income of the company decreased by 7.26% at Rs 32330 crore for Q1FY21 as compared Rs 34862 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 13.81% fall in its net profit attributable to shareholders of Rs 7008 crore for the quarter under review as against Rs 8131 crore for the same quarter in the previous year. Total income of the company decreased by 2.33% at Rs 38920 crore for Q1FY21 as compared Rs 39847 crore for the corresponding quarter previous year.